Shenzhen Batian Ecotypic Engineering (SHE:002170) received regulatory approval from the Guizhou Emergency Management Department for the safety facility design of its Xiaogaozhai phosphate mine expansion.
This would enable annual production capacity to rise to 2.9 million tonnes from 2 million tonnes.
The expansion supports higher phosphate output and boosts the company's integrated phosphate chemical strategy.
Shares of the compound fertilizer company closed 2% higher on Monday.
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